• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Invest BTCTry
  • Join STC ICOBuy
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Invest BTCTry
  • Join STC ICOBuy
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency news Bitcoin

$150,000 to $300,000: What Big Firms are Targeting For Long Term Bitcoin Predictions

Martin Young by Martin Young
1 year ago
in Bitcoin
Reading Time: 2min read
bitcoin, federal reserve, rate cut

Bitcoin Eyes Price Rally as Fed Announces Pseudo-QE

Advertisement

Bitcoin price predictions are always hot topics, even more so when they are made by industry heavyweights and huge firms. There have been a few of them over the past week or so and the figures are not small.

$150k Bitcoin From Tom Lee

Fundstrat Global Advisors LLC’s Tom Lee is still of the opinion that the crypto market is too small to support an exchange traded fund. The US Securities and Exchange Commission has thwarted several attempts to get a crypto ETF launched but that may not be a bad thing according to Bitcoin bull Lee.

Speaking to Bloomberg he added that big fund launches can have around $13 billion of first-year demand. For Bitcoin to be able to cope with this demand he suggested it should be priced around $150,000.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

At the Blockshow conference in Singapore on Friday Lee said;

“The SEC needs to punt the ETF until crypto becomes bigger, but demand for an ETF is monstrous.”

He added that they’re doing a good job by protecting individuals which is how mainstream will eventually get involved in crypto.

“Institutions aren’t going to touch crypto if they think the SEC isn’t doing a good job,”

The $150,000 price valuation is not too sky high and others are of the opinion that it could be even higher. Pantera Capital founder Dan Morehead has also been talking price predictions for Bitcoin.

At the ‘Unchained’ podcast earlier this year he said that BTC could reach $42,000 by the end of 2019 but looking at current performance that appears very unlikely.

A longer term prediction could see BTC at $356,000 by 2022 according to Morehead.

“Graph the price of Bitcoin logarithmically, its trend is going to grow at 235% compound annual growth rate … And if you just extrapolate that line out for another year it’s $122,000 per Bitcoin and then one more year, $356,000.”

He added that transaction rates will also be greatly improved as the network evolves. When asked about an ETF he said that it could take many years, echoing Lee’s sentiment.

CEO of Bitcoin wallet provider Xapo, Wences Casares, made his own prediction earlier this year with the lofty call of $1 million in 7 to 10 years. This would be on the premise that BTC succeeds as the financial experiment that started out a decade ago.

He added that everyone should own some Bitcoin and that premise could escalate prices into seven figures. There was the caveat that BTC has a 20% chance of failure but he also predicted a 50% chance of success as it has done so for the past ten years.

“But after 10 years of working well without interruption, with more than 60 million holders, adding more than 1 million new holders per month and moving more than $1 billion per day worldwide, it has a good chance of succeeding.”

Bitcoin price predictions are always points of contention, but the general outlook from industry heavyweight is a bullish long term future for BTC.

Image from Shutterstock
Tags: bitcoin pricepantera capitalprice predictionTom LeeWences Casares
TweetShare
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

Related Posts

Bitcoin BTC BTCUSD

How Bitcoin back above $60,000 could create a powerful upside move

15 hours ago
bitcoin real estate mogul

LA Real Estate Mogul Buys Bitcoin, Accepts BTC For Rent

1 day ago
Bitcoin BTC

Why Bitcoin could favor USD dominance over Digital Yuan

2 days ago
Radio Host Dave Ramsey Warns Bitcoin Investor of His “Vegas Problems”

Radio Host Dave Ramsey Warns Bitcoin Investor of His “Vegas Problems”

2 days ago
Bitcoin Selling Pressure is Declining, Hints Key Glassnode Indicator

Bitcoin Selling Pressure is Declining, Hints Key Glassnode Indicator

2 days ago
bitcoin strong bull coinbase

Number Of Bitcoin Mentions In Company Earnings Reports Goes Parabolic

3 days ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
Bybit

Bybit

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Top ICOs

Student Coin

Student Coin

Review · Visit

Token sale

Holdefi

Holdefi

Review · Visit

Press Releases

Two Leading Russian Media and PR Agencies United Into One Full Cycle Advertising Agency

April 9, 2021

Southampton FC Extend Partnership Deal with Blockchain Leader the Coingaming Group

April 9, 2021

Omni.ai Releases Whitepaper for Alternative All-Inclusive and Revenue-Sharing Social Media Platform

April 9, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Invest BTC
  • Join STC ICO

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.